3 Stocks Going Ex-Dividend Tomorrow: ACRE, KW, NFG

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Tomorrow, Friday, June 26, 2015, 128 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.2% to 35.1%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Ares Commercial Real Estate

Owners of Ares Commercial Real Estate (NYSE: ACRE) shares, as of market close today, will be eligible for a dividend of 25 cents per share. At a price of $11.65 as of 9:34 a.m. ET, the dividend yield is 8.5%.

The average volume for Ares Commercial Real Estate has been 128,200 shares per day over the past 30 days. Ares Commercial Real Estate has a market cap of $335.6 million and is part of the real estate industry. Shares are up 2.3% year-to-date as of the close of trading on Wednesday.

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Ares Commercial Real Estate Corporation operates as a specialty finance company. The company operates in two segments, Principal Lending and Mortgage Banking. The company has a P/E ratio of 12.62.

TheStreet Ratings rates Ares Commercial Real Estate as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Ares Commercial Real Estate Ratings Report now.

Kennedy-Wilson Holdings

Owners of Kennedy-Wilson Holdings (NYSE: KW) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $25.18 as of 9:36 a.m. ET, the dividend yield is 1.9%.

The average volume for Kennedy-Wilson Holdings has been 511,700 shares per day over the past 30 days. Kennedy-Wilson Holdings has a market cap of $2.6 billion and is part of the real estate industry. Shares are down 0.6% year-to-date as of the close of trading on Wednesday.

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Kennedy-Wilson Holdings, Inc. operates as a real estate investment and services company in the United States, the United Kingdom, Ireland, Jersey, Spain, and Japan. It operates in two segments: KW Investments and KW Services.

TheStreet Ratings rates Kennedy-Wilson Holdings as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself. You can view the full Kennedy-Wilson Holdings Ratings Report now.

National Fuel Gas

Owners of National Fuel Gas (NYSE: NFG) shares, as of market close today, will be eligible for a dividend of 40 cents per share. At a price of $61.10 as of 9:35 a.m. ET, the dividend yield is 2.6%.

The average volume for National Fuel Gas has been 436,900 shares per day over the past 30 days. National Fuel Gas has a market cap of $5.2 billion and is part of the energy industry. Shares are down 11.6% year-to-date as of the close of trading on Wednesday.

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National Fuel Gas Company operates as a diversified energy company in the United States. The company has a P/E ratio of 23.18.

TheStreet Ratings rates National Fuel Gas as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full National Fuel Gas Ratings Report now.

More About Dividends:

One benefit of owning a stock is the potential that you will be paid a dividend. The distribution of dividend payments is another way for a company to share its profit with you. A dividend means that the company pays you a certain amount of money, either as a one-time payment or more commonly on a quarterly basis, for each share of stock you own.

Many times, dividends come at the expense of greater price appreciation, because the company is distributing its profits to shareholders rather than reinvesting the profits back into the growth of the company. However, companies that pay dividends can be very attractive to investors when they offer a steady stream of income. There are some important terms and dates an investor should be familiar with before purchasing any dividend-paying companies. Let's work through an example to help better explain some of these terms:

On March 1, ABC Widget Company has decided that because it holds excess cash and lacks investment opportunities, it would like to reward shareholders with a regular quarterly dividend payment. The date for this particular announcement is known as the declaration date. It is on this date that the company announces the specific dividend payment along with the holder-of-record date (aka record date) and the payment date. The company announces that a dividend payment of 25 cents per share will be payable March 31, 2012 (the payment date) to all shareholders of record at the close of business on March 16, 2012 (holder-of-record date). What does this all mean? Well the short story is that the company looks at its records on March 16 and anyone listed on the books as an owner of ABC Widget company will be eligible for the dividend payment (on March 31).

The one other important term to remember is the ex-dividend date. The ex-dividend date (typically two trading days before the holder-of-record date for U.S. securities) is the day in which a company begins trading without the dividend. In order to have a claim on a dividend, shares must be purchased no later than the last business day before the ex-dividend date. A company trading ex-dividend will have the upcoming dividend subtracted from the share price at the start of the trading day. Many times, the price of a stock will increase in anticipation of the upcoming dividend as the ex-dividend date approaches, yet will fall back by the amount of the dividend on the ex-dividend date.

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